With spenders returning to the industry and the re-sale market gaining strength everyday, many brokers are beginning to notice a lack of appropriate yachts for buyers. “The biggest challenge for us all is the lack of quality stock in some sectors, particularly 40-55m steel motoryachts, where a lot of good stock has been sold” explains Simon Turner from the London office of Camper & Nicholsons International. “Many of the remaining yachts in this sector remain over priced and still need to drop in order to entice buyers to make a move” he continues. While there could be worse issues than buyers finding a lack of stock, Turner believes the market overall is improving year on year. “Where the yachts of very good quality are maintained to a high standard, we are seeing transaction and list prices start to converge rather than diverge, as multiple buyers vie for the same yacht” he concludes.

The week running 10 - 16 March saw zero sales completed in the 30m+ bracket, nine new central agencies announced, and 15 price reductions made.

New Central Agencies

Central agencies remained on par with last week as nine new listings were announced.

It’s a draw for the largest new listing this week: Josh Gulbranson of Fraser Yachts has listed 2012 Delta built 50m Arianna for sale at $32,500,0000; and YachtZoo have placed 2007 Heesen built 50m Galactica for sale at €24,500,000.

Galactica is for sale with Yachtzoo

Arrival Yachts have two new listings this week: 2012 Sunseeker 34.53m Sia is for sale at an undisclosed price; while 2002 Sunseeker built 32m Beachseeker is for sale at €2,200,000.

Two new listings from Sunseeker: David Jones has listed 2011 38m Never Say Never for sale at €10,000,000; and Richard Tilley holds the listing for 2009 37m Lady Rima for sale at £6,995,000.

Van der Vliet has listed 2005 Van Dam Nordia built 31.12m Good Times for sale at €3,385,000.

The final two listings this week are from YachtZoo with 2003 ISA built 47.5m 360 on sale at €11,900,000; and 2003 Lazzara 32.3m Battleship is listed at $4,199,000.

Price Reductions

Price reductions rose again slightly to 15 announced following last week’s nine. The following yachts are still on the market looking for buyers:

The largest yacht to be reduced this week was 2007 Alloy Yachts built 51.7m Red Dragon, now on the market at €17,950,000 through Jonathan Barbe at Edmiston.

Red Dragon

Christian Daves of Denison & Daves has reduced 2009 Westport built 34m High Cotton, to $7,900,000.

Another reduction from Edmiston with Robert Shepherd announcing the new price of 2013 Bloemsma Van Breeman built BVB44M to €18,000,000.

Two reductions from Fraser Yachts: Ken Burden has lowered the asking price of 1987 Benetti built 50 Rima II to €9,800,000; and David Legrand has lowered 1993 Christensen built 34.01m Criss C to €3,100,000.

Two reductions from International Yacht Collection this week: joined by Merle Wood & Associates, 2007 Trinity built 49.9m Imagine is now on the market at $24,900,000; while Scott Jones has reduced 1991 Christensen built 38.1m Sunchaser to $750,000.

Moran Yacht & Ship have lowered the asking price of 2002 Hakvoort built 33.68m Sagamar to €5,900,000.

Three reductions from Northrop & Johnson this week: 1982 Feadship built 42.37m Centinela IV is priced at $8,400,000; 1978 Feadship built 38.4m Sirenuse is now listed at $3,795,000; and 2009 Custom built 34m Ocean Runner is listed at $4,950,000.

Two reductions from Ocean Independence this week: Marco Vandoni and Mario Velona have lowered the asking price of 2002 Benetti built 44.2m More to €8,950,000; while Eric Trupheme has reduced 2012 Esen Yacht built 36m Glorious to €4,495,000.

Chris June and Mark Osterhaven of Worth Avenue Yachts have listed 2004 Azimut built 35.3m Happy Hour for sale at $5,495,000.

The final reduction this week is from YachtZoo with 2002 Hakvoort built 44.7m Cracker Bay, now priced at $19,950,000.

Please send all brokerage news to newsdesk@thesuperyachtgroup.com

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